AASP 101- Lecture week 4-5 (1)

AASP 101- Lecture week 4-5 (1) - AASP 101 Week 4 The Modern...

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AASP 101 Week 4: The Modern U.S. Economy/U.S. Apartheid
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Inequality in the Labor Market Direct result of racism/discrimination, skills mismatch, and historical disenfranchisement of Blacks.
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Labor Market Inequality Racial Discrimination in the labor market exists when there is differential treatment of workers because of nonessential differences in characteristics Racial Inequality outcomes occur for reasons Racial Discrimination within the labor market Racial Discrimination in non-labor market activities Differences in Behaviors and Values Differences in innate abilities of individuals
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Income versus Wages Wages refer to earnings from employment Full and Part-time, temporary, contract Personal income includes earnings from wages and other sources, including savings, capital gains and transfers from social security or welfare. Evidence for racial disparities in wages and mean family income
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Racial Differences in Weekly Earnings Early Determinants of Labor Market Inequality Nadir during Jim Crow; rise in education, literacy and entrepreneurship with rise in racial discrimination 1964-1973 (decade of gains) Black men earned 65 cents in weekly wages for every dollar received for White men Black women earned 62 cents for every dollar earned by Black men 1974-1980 (stagnation) Black men earned 72 cents for every dollar a white man made 1980-1990 (decline) Black men earned 69 cents for every dollar Black women earned 79 cents for every dollar earned by black men
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Median Weekly Earnings by Race 0 100 200 300 400 500 600 700 800 900 2000 2002 2004 2006 2008 Whites Asians Blacks Hispanics Source: U.S. Bureau of Labor Statistics
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Median Weekly Earnings by Race/Sex for Men 0 100 200 300 400 500 600 700 800 900 1000 2000 2002 2004 2006 2008 WM BM AM HM Source: U.S. Bureau of Labor Statistics
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Median Weekly Earnings by Race/Sex for Women 0 100 200 300 400 500 600 700 800 2000 2001 2002 2003 2004 2005 2006 2007 2008 WF BF AF HF Source: U.S. Bureau of Labor Statistics
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Unemployment Rate by Race/Ethnicity 0 2 4 6 8 10 12 14 1999 2001 2003 2005 2007 2009 White Black Hispanic Source: U.S. Bureau of Labor Statistics
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High Unemployment Rates Significant Contributor to Inequality in Income/Earnings Factors for Black Unemployment High job turnover Over representation in unskilled occupations Under representation in blue and white collar postions Factors for Women Domestic arguments
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Gender Disparities in Labor Market Participation Gender Roles
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